Economy

Cyprus Consumers Association calls for fuel subsidy return

Rising fuel prices spark concern The Cyprus Consumers Association has called for the immediate reinstatement of the fuel subsidy, highlighting that fuel prices have surged...

DBRS: Cypriot economy resilient despite geopolitical challenges

The Canadian ratings agency DBRS Morningstar has confirmed the positive trajectory of the Cyprus economy. In a report, it reaffirmed the rating of the...

US eases Russian oil sanctions amid global energy crisis

Waiver aims to stabilise oil markets The United States has temporarily eased sanctions on countries buying Russian oil already loaded on tankers, in an effort...

Cyprus fuel prices rise in second wave

Petrol and diesel prices climb again Cyprus fuel prices increased again on Friday as petroleum companies imposed a new round of hikes on transport fuels. Petrol...

Cyprus highest in EU for oil dependency– 86% of energy oil-based

Cyprus has achieved one of the highest shares of renewable energy production in the European Union, with renewables covering 96% of domestic energy output. High...